Robeco Multi Asset Sustainable D EUR

May was a month in which social distancing measures were eased gradually in many countries. In most developed economies, the virus has peaked. Leading indicators in the US and the Eurozone continue to show contraction in economic activity, although contraction is slowing compared to April. The transition from a lockdown period to a post-lockdown period for leading countries was welcomed by investors. The MSCI World Index rose another 3% in May, following the 11% rise in April. This has created a strong divergence between the real economy, clearly still in recession, and the strong stock market. While the reopening of economies was positive for the equity markets, it was definitely not the only driver. Very large monetary and fiscal stimulus by central banks and governments was the dominant driver. This cooperation between the fiscal and the monetary authorities not only backstopped the economy, but provided a massive boost to risky markets such as equity markets and high yield. Traditional safe havens such as government bonds and gold lost ground in May, although the return on gold remained positive in USD at 2.7%.

This share class of the fund does not distribute dividend.

Robeco Multi Asset Sustainable integrates ESG at different stages of the investment process. We use sustainability performance rankings to focus our fundamental analysis on companies that have demonstrated superior sustainability performance compared to their peers. We then analyze the impact of financially material ESG factors to a company’s competitive position and value drivers. We believe that this enhances our ability to understand existing and potential risks and opportunities of a company. If ESG risks and opportunities are significant, the ESG analysis could impact a stock’s fair value and the portfolio allocation decision. Throughout the investment process, we strive for a low environmental impact, as measured by GHG emissions, energy consumption, water use and waste generation, with the aim of realizing 20% better levels than the index. In addition to ESG integration, Robeco conducts proxy voting and engagement activities focused on specific themes, such as climate change, aiming to improve a company’s sustainability profile. Furthermore, the fund will not invest in companies exposed to the following controversial sectors or business practices: military contracting, controversial weapons, fire arms, UN Global Compact breaches, tobacco, palm oil and thermal coal, according to strict revenue thresholds.

Robeco Multi Asset Sustainable is an actively managed global multi-asset fund, fully focused on sustainability. The fund has a moderate risk profile and mainly invests in sustainable equity and bond funds of Robeco and RobecoSAM that meet the highest standards of sustainable investment. The portfolio management team can also use other investment instruments to enhance the risk-return profile of the fund. The fund is managed by an experienced team of specialists in multi-asset investing with a proven track record of more than 20 years. The investment strategy also relies on the sustainability research of RobecoSAM. RobecoSAM is an investment specialist focused exclusively on Sustainability Investing with more than 20 years of experience in sustainability, thematic and impact investing.

Risk management is fully embedded in the investment process to ensure that the fund's positions remain within set limits at all times.